CaiTerra International Energy to Raise $700,000 in Non-Brokered Private Placement

CaiTerra International Energy Corp. (TSX VENTURE:CTI) ("CTI" or the "Company"),
today announces that the Company has arranged a non-brokered private placement,
to be completed after receiving final acceptance of TSX Venture Exchange, for
CDN $700,000 through the issuance of 3,684,211 common shares at the price of
$0.19 per share. The Company intends to use the proceeds of the private
placement for its working capital. 


ON BEHALF OF THE BOARD 

Craig Robson, Chief Executive Officer

This press release contains forward-looking statements that include our belief
as to the Company's ability to complete the private placement for $700,000.
Certain risks and uncertainties such as our ability to successfully complete the
private placement could cause the Company's actual results to differ materially
from those in the forward-looking statements.

CaiTerra International Energy (TSXV:CTI)
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